Our reputation and credibility matter most to us, and that includes adhering to the most stringent global regulatory standards. We are delighted to announce that our subsidiary, EBC Financial Group (Cayman) Limited, has been awarded a full regulatory license by the Cayman Islands Monetary Authority (CIMA).
This significant milestone enhances our global regulatory credentials, adding to our existing accreditations from the UK’s Financial Conduct Authority (FCA) and the Australian Securities and Investment Commission (ASIC). It also solidifies our position as a global top-tier financial group with an expertise in promoting cross-jurisdictional asset allocation and supporting the expansion of global services.
With the CIMA license, we can now offer an expanded range of financial services, including trusts, securities, futures, and funds, tailored to retail, professional, high-net-worth individuals, and institutional investors.
The Cayman Islands, a leading offshore financial centre, is home to 90% of the world’s banks and over 85% of hedge funds. CIMA is renowned for its stringent regulatory standards and comprehensive oversight, aligning with the UK’s legal framework. This ensures robust information disclosure, client fund protection, and compliance management, maintaining the financial sector’s integrity and stability.
Securing a full regulatory license from CIMA required passing a rigorous audit process, which only four entities have passed over the last two years. The coveted license, which is only held by a handful of firms, grants us comprehensive permissions to deal, arrange, manage, and advise under CIMA’s strict regulations, including the Securities Investment Business (SIB) framework. CIMA’s acknowledgement of our adherence to stringent standards and practices means customers can expect comprehensive security for investor funds and complete peace of mind.
Anchoring on our core promise to ensure a compliant trading environment for investors, promote industry trust, and enhance information transparency, we will continue to diversify and innovate our financial services and offerings globally.
